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Azerbaijan affirms prerequisites for businesses to operate in Alat Free Economic Zone

Business Materials 19 October 2023 12:05 (UTC +04:00)
Azerbaijan affirms prerequisites for businesses to operate in Alat Free Economic Zone
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 19. One of the requirements of the Alat Free Economic Zone (FEZ) for conducting business is that companies produce products with high added value for export, Valeh Alasgarov, chairman of the board of the Alat FEZ, told reporters, Trend reports.

"Our most important requirement is that the products meet international standards. After all, 75 percent of products manufactured in Alat FEZ are exported to foreign markets," he said.

The total area of Alat FEZ is 850 hectares. Within the land plots with a total area of 297,000 square meters, there are connection points to water supply, sewerage, electricity, gas, and communication networks. The internal and external engineering and communication infrastructure have also been created here. Customs checkpoints and premises for customs inspection have been built at the main entrance to the territory.

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